Logo of Banque Saudi Fransi
Banque Saudi Fransi (BSF) completed the issuance of a dollar-denominated bond offer under its Medium-Term Note (MTN) program, at a value of $700 million, the lender said in a statement to Tadawul.
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Bond Issuance Details |
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Type |
US dollar-denominated bonds under MTN program |
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Value |
$700 million |
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Total number of bonds/Sukuk |
3,500 (based on the minimum denomination and total issue size) |
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Par value |
$200,000 |
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Return |
5.5% per annum |
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Maturity |
Five years |
The notes may be redeemed prior to the scheduled maturity date in certain cases as detailed in the Base Offering Circular.
The notes will be listed on the international securities market of the London Stock Exchange. The notes may only be sold in reliance on Regulation S under the US Securities Act of 1933, as amended. The bond issuance will be settled on Nov. 23.
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